AIP Claims Ownership Of GFG Alliance’s Duffel Aluminium Rolling Plant In Belgium
An investment firm in a legal battle with Sanjeev Gupta’s GFG Alliance said this week that it is now the...
American Industrial Partners
Aluminium Dunkerque To Cut Production By Over One-Fifth Due To High Power Prices
One of the biggest aluminium smelters in Europe plans to cut production by 22 percent due to high energy prices. On Tuesday Aluminium Dunkerque said that it would be ramping down its nameplate production of 290 thousand metric tons of production by...
Aluminium Dunkerque Signs Several New Deals With Glencore
Europe’s largest aluminium smelter has agreed to buy feedstock alumina from Anglo-Swiss metals miner Glencore plc, widening its supply pipeline...
GFG Promises Legal Action Against AIP To Regain Dunkirk Aluminium Smelter
GFG Group pledged on Tuesday to fight back against an ownership transfer of Dunkirk aluminium smelter to American Industrial Partners...
Events
Sanjeev Gupta Loses Dunkirk Aluminium Smelter To AIP
The largest aluminium smelter in Europe is now owned by American Industrial Partners after the firm bought the asset from struggling Sanjeev Gupta’s GFG Alliance last week. In a statement released to the media, AIP said it gained title to the plant after foreclosing on shares pledged by GFG Alliance to AIP in a mezzanine-financing […]
GFG Alliance In Talks With Glencore Over Refinancing Aluminium Assets’ Debt
The struggle to keep Gupta Family Group Alliance’s assets funded continued last week as its head Sanjeev Gupta continued talks with Glencore plc to refinance the debt of GFG Alliance’s aluminium assets in Europe. Sources told AlCircle over the weekend that Glencore is in talks with GFG Alliance to refinance its over US$500 million in […]
Biden Infrastructure Bill A Big Boon To Aluminium Industry: Norsk Hydro VP Mike Stier
Earlier this month the United States Congress passed into law President Joe Biden’s US$1.2 trillion infrastructure package. The Investing in a New Vision for the Environment and Surface Transportation in America Act (or the INVEST in America Act) will allocate US$550 billion ...
The Net-Zero Shift Starts With Low Carbon Aluminium
2020 was supposed to be “year of climate action”, with the Glasgow COP26 acting as a major milestone for both ...
Aluminium at the LME Week – Key Takeaways
Between October 28 and November 1st, London hosted the traditional London Metals Exchange (LME) Week gathering of analysts, brokers, traders ...
Aluminium Market Oversupplied, Demand Growth Flat
Base metals prices reacted positively to the progress registered in the latest round of US – China trade talks in ...
